Barnsley Building Society Conveyancing Lender Panel Compliance Tool

COMPLETIONmonitor is web-based pre- and post-completion checklist for property lawyers. Supported by the Council of Mortgage Lenders and professional indemnity insures. It is a unique risk management tool.

This software optimises the way you can demonstrate to lender panels that you are, and can stay fully compliant with their requirements, with notifications given on Barnsley Building Society’s changes. While using COMPLETIONmonitor is not a condition for being on the Barnsley Building Society panel, demonstrating you can remain up to date with Barnsley Building Society’s Handbook requirements is a helpful support to your application to their lender panel and, just as importantly, safeguard your firm’s panel standing.

The software creates real-time alerts, automatically produces regulatory and CQS reports, and will improve your firm's efficiency. In addition it is simply to use, cost-effective and, for some firms, results in a PII saving.

Find a Law Firm approved by Barnsley Building Society

Banks and building societies often change their requirements. The UK Finance Lenders’ Handbook requirements from Barnsley Building Society are not guidelines, they are instructions from a client. As with many clients, instructions can change - and they do change, over time:

A Timeline of Policy Changes

Since 2008, Barnsley Building Society has made 305 revisions or additions to sections of their version of the CML Handbook.
That equates to a section change every 9.0 days. In total, 85% of the sections of P2 of the UK Finance Lenders’ Handbook for Barnsley Building Society have been changed since 15/12/2008.

To find out more about lender panel compliance,

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Recent Changes Include

# Date Assoc. Changes Related To
16.3.2 01/12/2014 CML
5.4.5 01/12/2014 CML Local Search Indemnity Insurance
5.8.1 14/01/2014 CML
10.3 28/05/2013 CML
14.2.2 16/01/2013 CML
16.3.2 16/01/2013 CML
16.3.4 16/01/2013 CML
16.5.3c 16/01/2013 CML
3.1.4 16/01/2013 CML
5.5.4 16/01/2013 CML Restrictive Covenant Indemnity Insurance

Last update 17/05/2019

Barnsley Building Society Conveyancing Panel Example Support Desk Enquires from members of the public

I am hoping to receive a mortgage with Barnsley Building Society. I would like to use a Licensed Conveyancer. Does the Barnsley Building Society Conveyancing panel include conveyancers regulated by the CLC
Barnsley Building Society’s conveyancing panel is, like many other lenders represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our conveyancer has uncovered a defect with the lease for the flat we are buying. The seller’s lawyers have offered title insurance as a solution. We are happy with insurance and will cover the costs. Our lawyer says that as he is on the Barnsley Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Barnsley Building Society?
Just because you have a mortgage offer from Barnsley Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Barnsley Building Society are the client. The appropriate lender requirements must be adhered to by the Barnsley Building Society conveyancing panel who has to balance acting for you and Barnsley Building Society
I require the services of a Barnsley Building Society panel solicitor in Belfast. Could you help me?
It is not clear why you need a Barnsley Building Society panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to Barnsley Building Society to find out which solicitors in Barnsley Building Society are on their panel. If you do find such a firm not listed please direct them to our site to list. After all the cost is only one £1 a month
The firm that just started acting on my purchase in London has suddenly shut down. I only went with them because I needed a lawyer on the Barnsley Building Society conveyancing panel and my preferred lawyer was not. I gave them a cheque for £150 in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Barnsley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help
Why might a lender such as Barnsley Building Society withdraw a mortgage offer?
Lenders such as Barnsley Building Society can withdraw their mortgage offer although this rarely happens. If Barnsley Building Society withdraw their offer they may or may not inform you or the lawyer as to their reasoning. There are many potential reasons but here are a few examples:
  • If the borrower informs Barnsley Building Society of a change in security address
  • Amendments if purchase price adjusted and the loan to value limits exceeded by this. Please note that Barnsley Building Society conveyancing panel solicitors would be obliged to notify Barnsley Building Society of a change in the price of the property.
  • Situations where information provided by the borrower that enabled the lender to make a lending decision is fraudulent, incorrect or misleading.
  • Following advice from the valuer on their lender panel or If the lender has doubts about the effectiveness of the valuation as a result of subsequent events or information received post valuation but pre completion
  • If the lender reasonably suspects that the applicant, borrower, mortgagor or guarantor is involved in any criminal or fraudulent activity, including trading in illegal drugs or other substances, theft, robbery, deception or other serious offences, or if the applicant borrower, mortgagor or guarantor has a conviction for any serious criminal offence, including theft, deception, fraud, robbery or trade in illegal drugs or other substances;
I have a mortgage with Barnsley Building Society. Conveyancing was finalised a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Barnsley Building Society?
Barnsley Building Society must be informed of your intention in advance of letting out your property as this is likely to be a breach of Barnsley Building Society’s mortgage conditions. It may be that Barnsley Building Society will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barnsley Building Society directly. It should not be necessary to do this via a Barnsley Building Society conveyancing panel lawyer.
We are are purchasing a 1st floor apartment in Hendon. Conveyancing solicitors in Hendon are about to beinstructed. My fatheradvised that we make sure that the property lawyer in Hendon is on the Barnsley Building Society solicitors panel. Is this right?
A limited percentage of Hendon conveyancing solicitors are on the Barnsley Building Society conveyancing panel. Use the above search tool to search for a Hendon conveyancing firm on the on the Barnsley Building Society approved list of lawyers.